Tenable (NASDAQ:TENB) Price Target Raised to $20.00 at Wells Fargo & Company

Tenable (NASDAQ:TENB) had its target price lifted by Wells Fargo & Company from $19.00 to $20.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on TENB. TD Cowen decreased their price target on shares of Tenable from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Piper Sandler reduced their target price on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research note on Tuesday, April 21st. Truist Financial set a $27.00 price target on Tenable in a report on Tuesday, January 20th. Finally, Zacks Research cut Tenable from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.94.

Tenable Trading Down 2.7%

TENB opened at $20.89 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. Tenable has a 52 week low of $15.73 and a 52 week high of $35.69. The business’s 50 day moving average is $19.20 and its two-hundred day moving average is $23.10. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -208.90 and a beta of 0.75.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. The business had revenue of $262.06 million during the quarter, compared to the consensus estimate of $258.83 million. Tenable had a positive return on equity of 7.32% and a negative net margin of 1.15%.The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, research analysts predict that Tenable will post 0.42 EPS for the current year.

Insider Buying and Selling

In other news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was bought at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the transaction, the director owned 51,731 shares in the company, valued at $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in Tenable during the first quarter worth about $258,000. Counterpoint Mutual Funds LLC purchased a new stake in Tenable in the 1st quarter valued at approximately $4,492,000. New York State Teachers Retirement System acquired a new position in Tenable during the 1st quarter worth approximately $189,000. Fulton Bank N.A. increased its position in Tenable by 7.0% during the 1st quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock worth $197,000 after purchasing an additional 758 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Tenable during the 1st quarter worth approximately $213,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable News Roundup

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable beat Q1 revenue and EPS and raised guidance — Q1 revenue of $262.1M and EPS $0.47 topped estimates, and management raised Q2 and FY‑2026 guidance (FY EPS 1.90–1.98 vs. consensus ~1.58), signaling stronger margin/cash‑flow outlook. Tenable Announces First Quarter 2026 Financial Results
• Positive Sentiment: Product/commercial catalysts: Tenable is rolling out Hexa AI and a flex pricing initiative and provided a FY‑2026 revenue range (~$1.068B–$1.078B in one report), which management cites as drivers for the stronger outlook. These are growth levers investors will watch for 2H execution. Tenable forecasts FY 2026 revenue as it rolls out Hexa AI and flex pricing
• Positive Sentiment: Full earnings materials and transcript are available for detail; the call/slide deck confirm the beat and management commentary on product cadence and margin outlook. Investors should review for customer metrics and renewal trends. Tenable (TENB) Q1 2026 Earnings Transcript
• Neutral Sentiment: Canaccord lowered its price target from $33 to $28 but maintained a buy rating — still implies material upside from current levels, though the cut reflects a more conservative view on near‑term multiple. Canaccord price target change
• Neutral Sentiment: Needham trimmed its target from $28 to $26 but kept a buy rating — another PT reduction that moderates upside expectations while remaining constructive. Needham price target change
• Neutral Sentiment: Wells Fargo nudged its target up from $19 to $20 and kept an equal‑weight rating — a more cautious stance versus buy‑side firms, signaling mixed analyst sentiment overall. Wells Fargo price target change
• Negative Sentiment: William Blair downgraded Tenable — a formal downgrade adds selling pressure and likely contributed to the share weakness despite the beat. William Blair downgrades Tenable
• Negative Sentiment: Market reaction: heavy intraday volume and profit‑taking pushed the stock lower despite upside in fundamentals — short‑term technicals (50‑ and 200‑day moving averages) and sentiment shifts from analyst notes are likely drivers. (No link)

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.